Nassau Post 19170914; Title

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LAWS OF Ntw YORK—ty AuthaHty, » CHAP «M
AN ACT to diasolrw the corporation known
aa "The Triiat<M.s of the Peahody Rdtsea-
tlon Fund "
Reesme a law May 14. IMT, With tHO approval of the fiovernor. Passed, three fifths tieing preaent
Whereas. The Trustees of the Peahody Kdiieslkin Fund, a enrpomlhin created br ehapter three hundred nnd twenty-nine of the laWs of elghleen hundred and sixty- aeven lis sme nded by chapier four hun¬ dred and ninety-eight of the laws of eight een hundred and sixty-seven, and Samuel A. Oreen. of Massac tiusetls. Jnseph H Choate of New York: fleorge I'ealKvly Wetmore of Hhode island; Richard Olney. of Massachusetts. Theodore nooscyelt, of New York, Moke Smith, of Oeorfia; Wil¬ liam Lawrence, of Ma.ssachusetts; Oreii- yllle I. WInihrnp. of New York; Martin r Ansel, of South Cnrollna; and John Plerpont Morgan, nf New Ynrk. the aur¬ vlving trustees of s.ild r-orporatlon, ha^, by their memorbil represented to the legis lature of the stnte of New York, among other things, tbe snki corpomtion. pursu¬ ant to the power, aulhnrlty anel discretbm vealed In It by snid acts, has duly close.1 Its trust, pakl all of Ifs debts iiliel dl< tributed all of Its funds and prnperty: and that said memorlnlists desire that an act be pnssed dissolving said corporatlun
The I'eople of the Stnte of New York represented In Senate and Assembly, do anaet ns follows
flection I Chnpter three hiindrc-d and twenty-nine of the laws of eighteen hun¬ dred and sixty-seven, entitled "An net In Incorporate the trustees of the fenbodv Kducation Fund," passed April twelfth, eighteen hundred and sixty-seven, and chapter four hundred and ninety-eight of the laws of eighteen hundred nnd slxty- aeven, entitled "An act to amend nn act entitled 'An ad to Inrorporale the trus¬ tees of the I'eabody Kdiicadon F^lrld, paaaed Aprfl twelfth, eighteen hundred and alxty seven," are, and each eif s.iid acta Is, hereby repe-aled, and the said cor¬ poration Is hereby ellssolved,
11, Thla act ahall take effed Immediatelv Btato of New York, office of the Secre¬ tary of Slote, ss
I have compared the preceding with the original law on lilo in this olflce, and do hereby certify that tho sume Is a correct tranacrlpt therefrom and of the whole of aald original law
PUANCia M, llh'OO, 1 Secretary of Slate.
LAWS OF NEW YORK—By Authority.
CIIAP. Ul AN ACT to unloiid the banking law. in re
lation lo the dellnnilion uf aggregate de¬ mand dopuslt^.
Becume a law May 9. 1917, wilh tho ap¬ proval of the Oovernor. Passed, Hiree- flftha being present.
The I'eciplo of tho Slate of New York, represented ia Senate and Assembly, do enact as follows;
Becllcm 1. Seclion throe o: chapter three hundred and slxly-nlna of the laws of nineteen hundred and fourtei'n, enlitleicl "An act in relation to banking corpora¬ tions, and Indlvlduul.s, partnerships, uiilii- corpefrali'd associations and corporatbiiis uneler the supervision of the banking de¬ partment, conslltutliig chapter two oi: th,; consoliilated laws." is hereby amended to read ns follows: ;
S 3. Dellnltinns eif term.i used In chnpter
Ouaranty fund. The term "gmiranty fund", when used In Ihi.s chaplor. means a fund created by a mutual iion-Klcnk ccu- poratlun to which llils cliapler Is applica¬ ble and pursuant to ils provlsinns. from Its earnings or frmn e'ciiitribiitiuiis, wliic li Is not available, fnr the paynient of e x- pensea. so long as sucti cnriiorullun has afiy undivided prollt.^ or for the payment ot dividends, and against which Icissns upon lis Investminls. whether resulting from depreciation in the value of Its se¬ curities or oHicrwlse, may be .charge-d. without cncroadiliig upon Ils undivided proflta of net earnings, until such guar¬ anty fund Is exhausted.
Surplus. The term "surplua ' when used In thla chapter, means tho excess of as¬ sets over liabilllios including liability to stockholder.-e.
Surplus fund. The term "surplus fund", when used In this chaple-r, nie.ins ;i fund created pursuant to tho provl.sliiiis of arll¬ clo throe ur live of this diapler by a bank or trust compnny from its nd earnings nr undivided proflts, which to tho amnunt spcdflod In such articles is not avallahl.- for tho payment of dividends and eaniint be u.sed fnr tho paymoiil of expenses i<r losses So long as any such corporation has undivided pinflts.
Total prufllH. The term "totul prollls". When u.sed In tliLs chapter, means the total amuunt of tiiidlsii Ibiiti d net o,-iriilngs of any corporation to wlildi thla chapter Is applicable frnm tbo ekito of ils orgaiilza- tlon, Induding siu-h poriiona ot Us suridiis fund or guar;iiily fund as huve be,ii de- rlyod from not oarniiiKS or from undivided proflts.
U'nclivldcd prollls. The lerm 'undlvivieel proflls", vhen usiil in this chaplor. nie.iiis
the credit litihinc f Iho prcilit and liis.i
account of any cnrporalion tn which tliH chapter Is apiillcihl'-.
Net earnings. Tho term "net earning;-'", when used in ihls e.hapter, nutans tho ex¬ cess of the- Mi'oss cmniiigs of nny corpora¬ tion to whic-h this c-hapter I.s u|ilicablo over expenses and losses cliargeablo aK:iiiist auch e:irniii;'.s during nny dividend iieiind.
Dividend perind. 'riic term ¦¦divideP'l peri¬ od", when used In.this chapter, means the period frnm the date as of which the lasl dividend of any corpor^itk .1 to which this chapter Is applicablo wus declared to tht. data sdedc'l fnr the di-claruthm of Uu- next dividend; or tho period from the date when its corporalu existence began to the dale aa of which the flrat dividend ia de¬ clared. I
Timo deposits. The term "timo deposits". when used In thia chapter, means all de¬ poaita llie payment eif which oanuot legally be rcejulrod within tliirty duys.
Demand dcpnsita. The term "demuiid depoHll.1", when u.sed In this cluipler. moans dep.isits pa.vnieiit of wbli:h cun lo¬ cally be reciuired within thirty days
AgBregato doinand de pcisil.s. The tenn "aggregate demand dcpnslts", when used tn thla chaplor, moans the deposits against wblch reserves luiist bo inulntaimd, by banks, trust conip:inles and private and Indlvidu.il bunkers and Includes total de¬ poaita, all niiiuunU duo tu banks, bankers, truat compunlos and savings banks, the amounts duo on certlfled and cashier.^' chocks, and fur uiilMXid vlividends, less l!ie following Items:-
Totul lime dcpoBlta:
Deposits secured by tbe dtiKiult of oiii- atandlng unmatuied atiicka, bunds or otner obllgatiuiiB uf the atute gr clly uf .New Tork:
Deposits to an amount nut uzct«diii'.r olther tlie market or iKir ralue ot oid- atandlng unmatured stex^ka, bonds ur ¦.<',!¦ r ohllvatlens uf the state or city of Now Tork owned and held by such oorpuratkni or banker.
Daposlts duo to Uie United Slatta of America, representing the priK-eeds of the •ale of bonds or oartiflcutea of the said Untted Bluios known as the war loan of* UIT, or the proceeda of any other bonds or oerttllcates ut the United States here after Issued fur war purpoaea;
The amuunta due It un demand frum baidt*. bankers and trust companies other thaiil its reaerrs depualtaries. Including for¬ eign excliaiigo balaaoaa credited tu It and •ubject tu draft; ^
Tha excess due tt from roserva dopuat- tariaa over tbe amount required to maln- tsUn Us total reecrvoa
Reserves on hand. The term "roserves on haad* , wheu ua«d In this cbapter. mtmmftt iKa reaervea against deposits kept tm tJM Vault of auy Uiili|*ilual ur corpora- <lan purauaat to ttka pnalalona of thla
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serves on depoalf , when used la this e>iai^- ter, means the reaervea agalMt depoaita malnt.ilned by any Individual oT corpora¬ tion pursuant to this chapter tn reserve de¬ posit nrle-a. ar In a federal reserve bank of wblch suirh corporation la a memlier. and not In e«e-e«a of the amount aiithorlred by thla chnpter
Tntal reserves The term "totnl re¬ serve* , when used In thla chnpter, meana the aggregate of reserves on hanel and re <, rves on deposit maintained pursuant to the provisions of this chapter
R.seive depositary The term 'reserve dl iMisllnry' . when used In this chapter, means a bank, trust compnny or banking -cirporatlon designated by the superintend¬ ent of banks ns a depoalinry for reserves on deposit
flio'kholder The term "sfockholeler", when used In this chapter, unieaa oth.T- wl.-a> e|iinllfled, means a person who ap¬ pend by the lirKiks of a stock corporation to be the owner nnd holder of one eW moro shares of th'» stock of such corporation )
flbareholdrr The term 'shnrehnlder", I will 11 ii-^eil In thla elnptir, means a mem- Ik r of a savings nnd loan nssociatlon. land bank nr credit union
Peipiilitton. The term "population", when used In Ibis ehapter. means pupulation aa determined by the last slnte oi federal enumiradon, or wh< n used In connection with the words 'unliicnrporated village", an determined by the auperlntendent of banks from the best availahle sources of Informntiiiii
I 2 This act shall Wike effect Immedi¬ ately. . Btate of New York. Office i* the Secretary
of Stale, ss:
I hnve cniiipareel the preceding with the | original bivv on file In this offlce, nnd do herebv eertlfy that the same Is a e-orrecl transcript tberefrom and of the whole of aald original law,
FRANCIS M HflOO,
Secretary of Stato.
LAWS OF NEW YORK—By Authority.
I'llAI' 111 AN A'T III unn nd chapter one hundred nnel two eif Hie laws of nineteen hunelred and fnur. ••iidtled "An act lo Inerorporiite the Silver Hay Asgocbitlciii for ('hria¬ tlnn Cll ferciici-s und Training," In rela- I tlon lo Ils board of management and the ameiiiiit of Ks prope-rty ' Hecame a law May 14, 1917. with the approvnl nf tbe fiovernor Passed, three- flfths being present. i
The I'eople of the Stale of New York. represented In Senate and Assembly, do ' enact ns follows:
Section 1 S'Ctloiis two and four of chap¬ ter ouo hundred and two of the laws of nlneli-'n hundred and four, entitled "An act (ll Incorporalo tho Silver Huy As.soda- , tlon fur Christian Conferences and Train¬ ing," art' hereby amended to road as fol¬ lown:
i 2 The management and dlspoaltlon of the iiffuirs of the corporation shall be vest¬ ed In a huard of trusties composed of the Individuals n:inicd in tho llrst sedimi nf Ihls act as liicor^inralors and their uasoci- utes nnd suicesScirs In oflU'e. This Haid iHiard of trustees shall be cii-np"S"il ejf n it Ir.is tlitiii twenty-seven meinber.^, ouo-thiiii of whom shall bo elected liy the board of triistecs at eudi anninil mo'tlng and shall huhl offlco for the period ot three years, or until lhelr successors nre elected and have nualilled.
The tvvefity-seven persons nnmed In sec¬ tlnn ono of this ort sliall constitute and be the bnard of tru.stee.s of said corpor.ilb.in. who shall .serve until thdr succe:^se*r;i ure duly dieted and quulUiod; the board of tniste'cs al Its first aiiniKil meeting, nfter the aduplion of thl.s uct, shall delcrnilno by bit vvliidi nine nidnbci-s frniii thuse named In secllon ono eif this act shall serve one year from the date of such meetlii.g, which nine members shall serve two y«':irs and which nine members shall serve three vears. Tho lueniliers of Bald hoard of trustees are nuthorlzed and empnworcd to elect tlnlr succ-essors, and to llll vacan¬ cies for uny unexpired ti'rm.s, nnd any failure to elect members of the board of truslcc's shall not work a dissolution of Baid cnrpnratlon. but thu remtiinliig incm- bcrs, tli'iiigh less than n cpiorum of suld board of trusteea, rnay meet und flll fucii vacancies. At all times at least thrco moinbers of such board of trustees shall be niemlier.s or sccri taries of the mi.ssionary educullnn rouvenunt and at bust eleven members of such board of trust'cs shall be members or sc:cretarle^s of tho Interna- liniial Coininlttee-, of Y'oung Men's Chrls- ilaii Associations or of State or Provincial : Commlllees of Young Men's Chri.sllan As- ; snclallons. If any vaciine.v siiall occ'ir during the Interim of thn reijular eb?cli')n It shall be llUed by the board of trustees. This ccirpuradnii sliali havo no capital stock and shall dcclaro no dividend, and no oflicer. cuinnillleemari or enipluyuo of , (Ills corfiorutinn shall recelvi; or be cn- lllhtl to receive any pecuniary prnfil frmii tho op'r.itions of such corporatlein. ex¬ cept that rcisoiinldo compensalioii for services may be paid to empluyees for servicos ronilcrc'l In effecting the piirposos of tho C'lrporaticin, and tho corpnrutlcin may render ai'i of a charitable nature to pri'per bcnefldarles. Any surplus money rcinaining on ha'id nflor meeting tho ex¬ penses of Uio ccirpor.ition shail be usi d for such rollRious. cdiiciitlonal nr di.aritn- blo puipiisc'c, not Inconsistent with tlie terni.H uf this act. as the board of trustee.s shal! d.'tormiiic.
§ 4. The said c^orjioratlon Bhall In law be capablo of tikiii-.T. rei^elvlng aiel holdin:? absnhilely and in trust for Ita i;eneral iiscn uud purpuses. by gift, devise, beiiuc'St, grant or pure base-, re:il and personal iireip- erl.v to the umo'.int of ouo million iJoUars, and of letting. leasing and Ci^nvcylug tho ' s;iid real propert.v and sluill also b.avi- the power tu issue be Hills and secure^ the Piune by morl).Tat;es uimn Us real e.-^t lie and Its lmpruycmc'i't.j AII devico.s ami beepicsve, however, t'i the .<!alel corporation shall be ' subject to Iho provisions of the ud uf tho legislature rc lating to wills pas.sid April tblrloenth, ei'liti-en hundred ond sixty, and acts aniouilatciry thereto.
5 2. Tllla uct shall take effecl immediately. Slato of New Vnrk, Otllce nf the .Secrolury uf Stale, ss;
I have eomp;ired the preceding with the orlgiiuil law on file In this ofllco. and do hereliy cirllfy th.-it tho same la a correct tninscrlpt tliererrom and-of the whole of said ori-;inal law.
FUANCIS .M. HUOO,
Secrotary of State
LAWS OF NEW YORK—By Authority.
CIIAI' ¦He AN ACT lei ':imeiid Hie' lusiiraiice law. In relation to h'lnillijg and diBcrlniinati'ii.s. to repeal secliens one hundred and twen¬ ty-one and one hundr. d and twerity- one-a of snch law rcluHiig tu tho stand- ' urd lire Insuiaiico pnlicy, to cntut u , new section one hviidrcd and twenty-one rel.illng to the standard lire liisuraiici' policy, and to amend tho penal law. In re latliiii to penaJtlcB for fitiluru tu uno the Btumlard tire insuraiico pulley '
lltie>dme a law May 14, 1917. wilh the appniTul of tho Governor, Passed, three- ; lifihs being present
Tbe Poviple of the State of New Y'ork, , represented In Senate uud Assembly, do ; enact HM fulluws: .
Secllon 1. Section »ixly-flve of c^hupter i thirty-three uf the lawa uf nineteen hun¬ dred and nine, entitled "An act In relation to Insurance ctiri>oratioiiM, cmuilltuting chaptiir twenty-eight of the consolidated : laws," aa added by uhapter fuur hundred i and sixteen of the laws of nineteen hun- j drod and eleven, and as amended by chap¬ ter two hundred and twenty-flve of the laws of nineteen hundred and twolvo and chapter twenty-flve of tbe taws of nineteen I hundred and thlraeen, la hereby amandad I lu read as folloara;
I tb. Heballiig aud dlaurlmluatlona pro- : hlbltod Ne Insurance corporatloo, aaaool- atloo. partnerahip. Uoyda ur lodlvlAval •ndarwritera aulhurtaod ur periulttod to do
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any Insuranca buainess within this atata -ir any iifT1e?er, agent, solicitor or repre- «! .•jtalivo thereof, ahall make any contract rtii*sui h inaui ance, on properly or risk lo¬ cated wittiin this atate, or againat liability, raauaity. accident or hnsnnl that may arise or occur therein or agreement aa to gue-h cemtract. other Ihan as plainly ex- pieaaed In tbe poliey Issu^d or to bm Issued thereon; nir shall any such corpeirallon. association, pnrlnera^llp, lyloyds or Indi v.iiiiai underwriters, or ofllicT. agent, ao- llcitiii or ri?prcsentatlve thereof, illrectly or In.lireetly. In nny manner whnt.soever. pay or allow or offer to pay nr allow na Indiieement to such Insurnnce, or nfter flu- Insurance shall have Iven effected, any rebate from (he premlutu whbh Is siieel- fl^'I In Ihe pnlk-y.'or any special favor o- advantage In Ihe divide ads eir other be-ifeflt to ; c crue the-ri nn, or any valuable eon- • :'(r'it!.in or liielueeineul whatever, not specifled In the policy or ci mf et of In- sur.ince, or give, j.ell or purdias, , or offer to give, ,^el'. or purchase, ns hi'lu'-e'-rent to eiieh tesii: ance. or lu i;oiinei thin th. le- wilh. nny stnc-k, bonds or oihcr s'-i-iirltkB of any Insuranee eompany. or otm r cor¬ poration or iiss'ie^ludon, ur unv ellvb1e;il.< ir priflts acc-rued therein, or anythin,:; of v:;liie whatsoeve'r, not spi elflod In the pnl Icy, nor aliall any Insurance broker, bis agent or representative, cir any other per 11)11. directly or Indlieetly. ebhet by shar- liiir commlssleina or In nny manner what¬ soever piiy cr rfllnw or offer to pny or al¬ low n« Indiici'ment to sueh InsiirHnee, or nfter the Insuranci- shall bave been effeei- rd. nny rebate'from the premium wide h Is Bpeclfled In the policy; nor shall the In^ sured. his agent e.r representative, directly or Inilliedly accept or knowingly re-ceiv,- an.v su'h rebate finin the pr.iiiiiim speci¬ fled In the poliey; this .-lectloTI shall imt prevent any cnrporatlnn, person, partner¬ ship or nssoelntion lawfully doiiig nuch lu Rurnnee huslni-sa In l*ils stato from the dlstiihutloii of surplus nml dlvlde-nds t i pollcyhiihlers nfter the llrsl year of In-'ur- aiiee nnr prevent nny member of an liiter- Insurunco eir Lloyds (iss'iciation frntn re ceivlng the prolll uf his ur its uiider- wrltlng; nor shall this Bectlon pr'event any such corfiiiratlcin or other Insurer, or hi-i or ItB I'i'ent, fmm paying commlBslci'in tn the linker who shull have negotiated for the Insurance, nor shall this Bectlon pre¬ vent any llceiis»!il brnker frmn sharing nr dividing a ccimiiils:doti earned or re¬ ceived by hlin wilh any other licenHcd broker or brokers who ahall hnve ahl eel blm In resricd to the Insuranc-e fnr the negotlntlnn of wlibh such comml.'^slnn shall huve been earned or p:iid. nml neitli- li.i: herein eontahi'd shall bo held to pre¬ vent the cove-rliig nf risks hy binders or temporary coiitrae;ts of In3ur;uice eir sucn other memoranda as do imt conflict with the provislnns of this chapter, provided that tin- prei^iliiin aiifiUcable to the risk In sured Bhall ho pavable, and shall be paid, fnr the time during whldi l:isurune-o is In force by virtue of such bliders, lenip'iraty contrac^ts of iiisuri'iico or oH-.er nn ni'i- ruiida. and nny violation of Ihls prcivlslnn shull ciiiislilute! a rebate. Nor shall this aedkin prevent any such cnrporutlon nr olli'-r in; urer. fir any aiteiil or liisiiranc^e broker, from dislrlbiillii;,' m presenting to any person or i^orpnral inn any arliib- if miTchandlse not cxeoi-dlng one elolUir In value, which shall h.ive c inspicunud v stamiie^il or printed thereon the advertise¬ ment of sudi iiisiiritiicii curpuratlnn, aKcnt or lirc:ki r.
No Iierson shall Im exciisod from attend¬ ing and. Willi o.'ilc 1 -t so to do, I'mm testifying or proiiiiciiu,' any h.iuks, pupers or uiher dncumciits boforo any court or mii'lslraie, Ufion any iiivi stigatloti, pro eeeiliiig or Hiul for a violadon of any of the iiriivislnns of. this Sec.linn, upon the Krounil ur fur tho n-i.^on that the testl- iiiiiny ur oviiloiieo, do.-unionlary or otliei- w-i-e. required of him may lend to convict hlr:i of a crime or suiijed blm to a pe-nally or' forl'elUire. hill no person iliall be p'toso- eiiteil or subjcc-teil to ur.y penalty or fnr- f, liure for or on acciiunt nf any trtuis-ii-- tlnn. matter or thing concerning wiiich'be ma.v h ivi. been required so to testify or to p uduce evidence. doc:uiiiiiit:'ry or other¬ wise, and no testimony so given or r>ro- d'lc. 'd shall hi- received against hhn upon anv criminal Inv'stk-atlnn eir proccodimi Aiiv person or corporatiiin vlulhtlniJr tlie prcivl.slcns of this sec'liui sli.rl bn Rullly nf a miscleinc;iiieir and shull foireil to the people uf the Ht.itc llio sum of live; hun¬ died do'hirs for cadi such viohilinn. Thi.^ sedhin shall not app'y to any contract of li'e insurance iin'^ lo any coiilracl of In- snninco upon or In e- mne .tkin with marine or tran.'poit.-.lieiii i-i(-:Us or hazards other than contrii'cis for hiiiomohlli- lusartinee, II, r to cemtracts r.iad.. by persuns, Lisscic-i- a'.lr.us nr c irporat ons aiithori^/..d to d" businc-is under articles live, seven and nine of this cliapter
5 2. Sedlnn euie» huti'lied-aml tweiity-n'u- i.f t-liaiiti-r tliirty-t:-re,i nf the la\vs nt niiic- f. ,11 hundred and nine, ontitleir'An act In rehiiion to lnsuraii"e. leirponilinns, coii?'ti- tu!'-T chapter twont.--d(.'ht of the con- sol:ci:i(eiI kiv.-:3," as ami.i'leil by chapter -C.-o humh-ccl ii!:i forty nf the luw.s of nin'-teen hundr^.d nnd iilnn. diapt.'rs one ^•i::r.rid and slxly-drht, six huiulrod and tli;.-iy-rh;iit and six humlred and slxty- 1 i^ht uf Hie laws of ninc'i en hundred and ten ami c li;iptcr ciiie liui.d'id and i^>lghly- one ol' the laws of nim'teiiii hundri-d and diii-teen. Is h'T'-'tiy n p .led.
5 ,1. Chupcc:- thin y-t lin e of the laws of nlmteea liuudri'l and nimi. entltloa "Au ;u-t 111 relation to iiisur;in.c .orp.iratioiis, cniistituting cliaiitor tw nly-i Ight of the c.•...-; .;iil::ti.d law--," Is heruby amohJed by ir-erllnr; then^hi a new sefiiun one Viun- die.l and tvvcnlN -one, In read (is follriwB:
jj 121. Stuhdurd lire In'uranee ;)ull'-y to bo pi escribed and u.^od. Tlio prlntc^d blnnk fill 111 ,'f a contract or pnilcy of flre liisur- ;ii.:, ailiilileii liy Iho National Coiiveiitbin nt iiiMiiaiiei- Coiiimlssiimers at Ils nicet- i ir i'.O'i 111 ill'* t-'lty of Now York on the tv.ilfth d.iy of Defomber, nineteen hun¬ ch - I aii'l sixtocii, shall bo fl'ia by the sii- ),ci|i!io".lei:t nf insurance in his ollices nn the llt.-^l day of J:inu:iry, nlndeen liuii- ('••..J and I'lfhteen, wilh Hio dale nf smii tlUiig Imlnrted tlicreim by him and shal! be Umivvn and desijrnalcd as t!;e "Standard I'.IO li;sura:ice pnlicy of th..- stale of New Vnrk,' pro.'ldid. how i ver. thut If s'lcli tUliiy .sluill ii:ivii been made prlur tu'Janu- ;iiy fli-st. niiide-eii liundred and di^'ht'-eii such tiling lihc.'l hw deenu-d in bo sulllcici.t . (,:npt;.imo iiorev, ith. tm and ufter Jaiiuir.- liist. nineleen liundrel ;uid eighteen, to lire Insurance i-cirp.irtition. Its ofliceis or am r.t.-c. shull niukc. Issue "tir dollvor for use ,111.1 lire iasurunci; policy or Un.- .rtiicwa! ,,. any such pnlicy on prnperty In Vi\m .sl lie, other Ihun such us sluiU'Conform hi :,I1 particulars as to blanks, sl/.e of type.
• t'lo.t, provisleji.s, ,i.i:reeiiiems and cnii
lid :;.; with such printed blank furni uf
iinir. it 1 r polli-.v: und nu nllior or liilTer-
i-nt prov i.--'.nn. u."ieeaionl. !• uiditlon or
1 I,.11,10 .siuiU le in an;, ina:iner mado u part
f su h coiilrae-t or po'.lcy or Indorse 1 her Ul nr added thiiitn ur delivered .1, ..-.viih, excopt as fulluws. lo wil:
I' :sl Thoro may be p' iiiled ul tlio lu^ai; of .^ 'hi polh'y In tho space Indleuted by th" wuida "sicice for lii.serHon of name of c", puny or companies Issuing the po'.lcy and other mailer permitl. ! to be st.iied at He head Ilf the poll y" thu iiam- of t'i. '•e^.iilian or compuiiles Issu'iig the policy tile hii'ulliin and piac-* of business thert-nf. Uie dull- nf Incorporution ur ur;{aiiliathiii W' I'lf. whether suvh '.uiiipuny or coui- P-i , s aro stuck oc mutual coriioratloiis, I'd siieh device 'jr dovi ;e.>i as the company '•r cumpunles laauing suid policy shall de- .i!le
9e.K^ioiiil. There may be pnited at the eud nf the flrHl page v>f aald pulley In the apace Iniiciitd therefor by the words "space for da'H umj fur signuturea and titles uf offl curs und ugent," the nuni".>i and titlea of the ulltcera executing and altealliig thu poiic-y. and the worela "but th h ficilicy ahall lint b« valid uucU oounteralglied by the duly authorised atfent of the unuipany at ... , " (or tha wurd "manager" la
place of the word agent) and the words tee .-eiii^etintendent of Insurance Furma
"counter ilgned st... thla day of relera, Indorsemenia, eisuses, permiis,
of " followed by a blank space forms or other mVimoiandn to be aitache.1
for the signature of auch duly authorized to and mode a p .rt of Hie Insurnnce cm- agent or manager, and the word "agent" iraets relating to prnpertv lo<-*le-d in thia or "manager.' lelate may bo prrsented fur filing In tbo
Third There may be printed In the apace i offlce of the superinteneient of lnsurane:e Indicated hy the words "space tor davcrip- I by •ny enrporni Ion. Hssneiutloii or bureau tlon of property." or added to the policy j maintained for tVie purpeise of auggestlng. M auch apaee by agreement In writing approving or making rntes to be used by thereon or by rider attached thereto the more than one unil»rwriter fnr Insuiaini.-s following: I Descriptions nnd spe<-|flca- on projierty loeated In thia stale, .md. tiona, by schedule or otherwise, of the when approved and illed by such suporiu property covered hy the policy; i. The ; tSiident of insuranee. siisll iheieupnn be-- extent of the application of Insurnneo un¬ der the policy-; ,1 The extent ot the contri¬ bution to be made under fhe policy In cas.i of loss or damage; 4. Any other mfitier necessary clenrly to express all the tO'ti and c-ondltlons of Insurance on nny pai- ttcutnr risk Provided, however, that nu such agreenietit or rider shnll In- liiconsls
tefit with or a waiver of any of the Onndl- j form or ut.er iiieiiiorandum In die p tlons or provlsinns of the stnn.lard flre In- lainuage theret»j;ore iceiuire-d. h' mny
come standard firms e.f ridei.-i, melorse- menis, e'auwes, permits, foims or mini memcirandn un.l tiielr use shall be reciuir¬ ed, as hercinliefnre pr ividenl V. ue-iiev or, ill tno jiiilgment of the sup rinl,' iJ'ni ol Insui.IIICI. (hell- snail be tin fui III'I ie.es- Biiv for requlriiiK 'be use of nny si.inelard form of rider. Indoisemcut. clause, permit.
surance policy hereby established, exi-ept that In the uase of a mortgagee noUiitimi I In the policy as the hniired such pro-- vlilons muy hi .idded aa shall not In- lii- cons,stent wilh or a waiver of nny of the privlslona of the said standard iinllcy re¬ lating to morti^age Interests but if so add¬ ed shall includ tho provisions of a stand¬ ard rider or liiibrscment relating lo such Interest the f.irin of which Bhnll have been approved by the superintendent of Insiirnni e nml nied In his cifllcp^ as herein¬ after provided \
Fnurlh Tliere may he added to the ii.il¬ lcy, with the approval of the Buperlntend- ent of insurance, any provlsinn wlik-li n'lv company Insulng a policy la reiiulred by lavv to Insert in Its pnlldes. not In conflict wltli the prnvisions nf .such "slnndird flre In¬ aurance pnlli y "' All such provisions shnll be printed In ii gmup apart from the other provislonfl, ngreements or conditions of the policy under separute title as follows: '"Provisions reiiuln-d bv law to be stated In this policy"
Fifth. If the pnlicy be made hy a mutual or other compnny having specl.il regula¬ tions lawfully applicable to Its organiza¬ tion, memliership, policies or contrac-is of inaurance, auch regulations may, with the approval of the superintendent uf insur¬ anco. be written or printed upon, nttnched or appen.leel to the policy, upun tho Ihlrd page of sue ll statiilnrd policy, but shall lie preceded by the words "This policy Is is¬ aued by a mutual e-omp:iny having special regulations lawfully nppIIoMble to Ita or¬ ganization, menibi-rshlp, piillcles or con¬ tracts of liiauraii'e of which the fcjilowliig ahall apply lo and form a part of this policy."
' Sixth. Contracts for temporary Insur-
I ance may bn made for a period not ex- ceeillng flfteen days, which shall he deem-
I ed to liicluilo ull of till- provisions of the
i stniidard pnilc.v with such ugreenicntH nnel
I riders In wrilirig added thereto as may be
' necc.'isary to eifect valid Insuranco of the
j described prope rt.v nnd such other ugree- meiila noi inionsistent with or a waiver of any condition nr provl.slnn of the Htancl-
; .arc! pulley as may bo expressed in alich conlrucl, except that the lancellulloii
I eilausn of the standard policy shull be su-
i perscdi ll by tlie provi.'jiniis of any such | standard i
I tempiiiiiry e-imlnict regulatliig cone ellation or tenninullnii uf insurance lliorcuiiil-r.
i and except that where any .such contraet
, for temporary iusurniice sliall specify tlu-
I hour lit Ihl- da.v when Ihiliility sluill c-'im- m "nee, such s(:iti tnent of timo shall siiper- seil" the pruv.i. ns of sue'- standard lire
, Insurance policy in the contrary, Viel sudi Ktatcini ut shall be chi nud to relCr ti standard time at (lie place., nf luss or dam-
1 age,
SevoiiHi. Till- .Malidaril policy provided
I fur liorcin nee-cI not be iiS'd fen effocting
I reinsurance betvMi-n Insurers.
I Kiiibth. Twei er more Hie insurance cor-
' poratlona, aulhcuizid to tiansai^t husint^TS
. in this slate, may issue a comliliiatidii Blandard fnnu of pnlicy, u.siiig a distiiu" tlvo title thereror, which lllle shall aii|ieai- al the head of such pulley follnwed by tlie
lilhs nf tho severnl c-orporatioiis oliliyatcd hunjlred anel flfty dollurs for thereupon, nnd which policy shall be ex- j riueiit offense, eculcd by the ofli'-ers of eac-h of siich cor- ' <l 6. Sc.-ctlons one .nml flve of this acl shall
¦ porations; pnivUleil. dial before such cor- take rfr-'ct Imnnvlhilely. and S'-dinns two
; poraliniis shall l.ssio such combination pol- ! three and four nf this act shall l:ike effi-i-t
alve nniice In writing of siiiu eletermiiia- don, t'l each liro lusiirance e iipeiriitlnn do¬ ing buslne-sa In this sta'r, and la eae , audi ceirpciraticin, at'soc aibiii or bun au innlnt ined f.>r the purpoie nf suu ,'est in.: approving er iiiakiii'-- rales, as aiu cs.m: and thereafter the use of such stane^jird <orm shall not be itgulred us herein pi,, vIdeJ.
Approprlato forniH of supplenienlid cm trii ; or iif.iliueis vvlieiehy Hie propel ;.» desKiilied In tui ii policy aliall be Insiiied neainsl une or ineir - of the risks speiilieil In se<tleiii niie huiidred and len of lliis clnipter. In iiiidltlon to the risk eif direct j hiss nr d.image by Are, niuy be appciv cl by the Bii|ier:i!tPiid«'it of Insuruiice, nml thdr use Pl III me-'inn With a stiindard flre Insurance pnllev tuny be auihorize-l by hint.
"Whenever npiilicatinn aball be made f.ir Ihe solei.iin uf .111 umpire pur'iuaiit tn the prov k UM retadiig to appraisals as conlalne 1*. sm-h stan lard lire bisui.ine-e pnlii'V, silili apiiil'Htl'.'i shail be Iiimle tn
II uidoe III a eourt of ree-ord In the enunt.v In vvlil'li the Inst or ehiiiiaged prnpiity is or wa.s Il.c- .icil. on five da.vs" iiciHce In writing, to bo given by rllhcr partv to tlK other, of Ills or l(« liilenlinn so tn dn Any such iiotie,' In V riling, when served b:. the in."urtil. ma.v be served upon any bual iigc:rit nf the conipuny: und the said Judge nluill. on pro f by allldavlt of Ihc failure or ne;.;leet nf the s dd npprai.'jers to agie" upon and Boled an umpire wilhin the time provided In sui'l V '!icy. and of the servUe
if notice af.'iei'iilil. forthwith appoint a •nnific'tent anel dlsinloresled person In ac, IS such umpire In the ascerlulnmeiit of ihe nniount ef naid loss or damage.
I 4. Section one liundred nnd tvveiitj- me-a of chaiiter thirty-three of Ihe l.iws of nineteen huiidri.-d and nine, entitle-d "An uct In relatlmi to Insurance curpura- tloiis ciinstitutliiK chafite-r lvvc,niy-i lj,^t of the consnlldated laws."" aa .iilded by chap¬ ter one hunilred ntul d,'hty-utio of the laws of nhieteen hundred and Ihlrtei-it, Is hereliy repeali d
; 5. S'-.'tlon eleven hu'i'.lred and ninety- three of the pi'iial law is beriby aiiieiiibd
III reed as follovs ; J llli3. l-'iri- iiis.iranc-e i nriVoratimis to use
li'-y only Any lire Insuraiice-
ralloii nr ii'iy officer m- !c;etit there
i nf, who iniilce-^, 'ssues. delivers, nreirfois I
deliver iriy fmlle'v of Arc Insurance on
prnlierly In this stiife. which dues not mn-
, form in all partlculirs as to blinks, size eif
] type, context, prnvisinns. agreemonls and
conditions with the- pilule,! form cif cnn-
(ract or policy eif flu- Iiwnrance Ibed In
llio oflice of tlie siilieriiii'-ndeiil of Insur-
. mice pursuant to the rceii;"reineuts of scc^-
t tkm one hundred and tvvi'nn"-iiiie of tlu'
Insurance law and knnvv'ii in d de<-i'":nte'il
na tho "".^Itandurd fire Insiiraiii e pulley ,.'
: Iho Slate of New Y'nrk," except as ti such
¦ eicec-iidmis as are siie-clally lirovi'--J ami
nllowed by lavv, is guilty of a m'sdeiii •;!-
' nor, r'unlshabic by a flne of not less than
'¦¦ twenty-live nor r-mire than mm hiindri-d
' dollars for Ihe first off' u.se, and of not
less thnn one hundred nr mnre than tv -i
ch sabst-
ie-y. they shall haVo received the cxpri ss permission of tim .superlnteiidciit of Insur¬ anco to issue the same, ami the tltlo of such propusiiil policy and Hie terms of the additliiiuil provisions tlii'renf, hereby an- ihiii-!:2i:d, slKill have been upproved by hlni. which terms. In adclillnn lo the pro¬ visions of tho sf.indiird poHcy and mil in¬ consistent the-rewilh. shall provide suh- .•itniitlally under a separate tide therein, to be known a.s -'Provisions spnclally ap- piiculile lo this comliiiiation pulky." a-; fn'.low.s: (a) That e.n li corporatl'iii eXecui- mg such policy shall be lialilo fur the fiiil amnunt ot any loss or damage, uccordiiig to tho terms of the policy, or a speciti'" percentage tiler.of, llil that servi'-o of orucess. or of any tmtlco or proof of loss reiiulred by tbe said policy, upon any of tho corporations executing tho siinio shall no deenied lo lie service upnn all; and pro¬ vided, further, that the unearned pretnliiin llabllily on each policy sn issued bhall bo mninluliied by e:ich of such corporations on t)ie b:isls nf the liability ot each to the insured tiiei ouneb r.
Nit)th. Til're may be printcl upon Uk- fliing back of s'li.l piiiicy the nam,- cf tile oomfiaciy or ee.iiipunii s pisiiing the pnlb.-y; the loealiiip an,I p'.ace of iHlsiimss Ihejeeif; .statomoiit of tlu- amnunt of c.ipital tbi-i-e- of; suc-h device eir ib vices as the o.imp:iiiy or companies Issiiing -said pnlicy s:liall i!c- sire. :ui 1 If Hie polli.v be a cumbinatloii pnlicy. such dislinctive title theiefur ns may be iiulhoii;:id f'T u.se ua herein pr i- vlcled. Thero nuiy also lie printed, slamp- Oe] e'li- oUicrtvlse IliJnrsed upnti illo tlliili,' back of sniil pulley lln^ nrniie with thu word "age 111" cr '"agents" und plac;- cjf business of ,i.ny Insurance agent or agents Tho words ut ilu- inp nf the filing back of said policy, "slan.lard flre Insuranee pcdi'.y uf tbo slate of New Yerk" auiy be cluingca by the Ute of (tu- wnrd ""suites" Instead Of ""Slato" and bv .idiliiig ufli'r the vv ,|,I-l " New Vurk"' till' luiiiios of uny slates In which Ihe Bald ii.ilicy furiii shill be slaiid- aid when (ho pidicy is issued.
Tenth There may bo printed upon said fcilicy form. els"vvlioro than upnn tbe Hr.-t and i»e*Mi,I p.iLies or tlie tiling bade tlici'-
January first, nun
n hundred and eiglit- f the .'Secretar:
h'lT. with 1 I'asso'i, thn
of New Vl
A^SelllblV
' Stat', nf New York. Offl
I of St;ite. ss:
I I h:ive ciimp:ircil tbe precedini; with die
] original biw nn file in this otnee. and de. hereby certify that Cie sa-ne Is a ccrrei-i trnn.scrlpt therefreini and nf the vvli.ile of said "e'lrlglnal law
i I'-iiAN-i'ii^ M n'"i;ii.
¦ .<,-,'ri tarv cl Slat,-
LAWS OF NEW YORK—By Authority,
I "ll.M' 4IJJ
A.V .M'T to anil llci the highway law by
i tbo adilitiou cif a lu-w arlic'l,-, r, Mi.v l,i
! the Impiiivemc^iil nf hiKhwav a by fiiicr.l
; uid.
1 Dci^ame a lavv May H. j npproval of the^ i Invi-riior.
lifihs boliig present . Tho l'e..-iii!e nf tlie State ; represi-iilo-l In Senate ami
eiuK^t :iH foiIovv:i:
' Bccllon 1. Chapter thirty nf ih'e l.iws of
I ninoteon hiinilnd und nlu'". ctililhil "An
ai."t relating to lii;diwiiys enn^litiitiiiir
chapter ivveiitv-ilVe of tho 1'.nsuliibile.l
la—s," Is herebv iimendcl I'V Ins.rtint,'
! (hel'In a iievv Mrticle. In be nrticle si.\-.i
'¦¦ thereof, and to n-ad as fnll.ivvs
ARTK'I.i: Vl-A . ¦ •'Improvoiinnt With Pederal Aid ' Section Ifil. Ceniniissi'iiier of biKlivva.vs t" dciiii;riali- runds ic*. I'nst Ilf prdiiuiuary surveys p;;!. .-Nptjroval e,f plans. 164. Advert isemonts. prep'isals e .1 11 t r a e-t<s. appr'pl latii.iii. , clnsi-ig r";'.ils. detourb. Id
mlnulinn of coniravl, entiy for e4" iuiiuyo, pi.i"aiUs, maiii- ' tc naiKc add reivilr, contin¬
gencies and a';i'ioiiieiits IfTi Acooptar.co of v yrk. liiO. Acciui.sili'.in eif liglil uf way. I'i7. S'ate"s slmre of ee:t. liiS. Coiierul autlinri:;:;ti n 1 I 181. The stale commlssluiior of high- • ways Is licri-by nuthorlzed. emp 'vi'red au'l ; diredecl tu dvslgiuit,- the public highways I or purtlons theieof. ouUsido of cities.
uf, the num. Self the offlcers und dlrcit'ra ' ^hipj, j„ f,ls discrethm. he may cloom uf the cjinpuiiy or e.nipunies l-^suing tin- proper to be Inifircved or constructed I's said puUiy, aii'l .-my form prnviding for us- ' co-npyratlve rniuls with the moneys (o be sigiimiiit uf llll, r, st or remuvu!, u;ieUany , uppr,priated liy the stuo of New Vork blank form of r, .e Ipl, approved by>lie su- , and the im ii'vs" eoiitrlbuti-d to the slale of p-?rliileii(leMl of iiis-iiarico. | m^.^ i^-ork fur -lil^liway Improvenient h.s
Tlio siipeilnteii'ient of Insuranee, either , tho federal irnvciiitueut under the pro- iri persnn or Ic, onn or more- e "lUiiJolenl and visions uf an iu-t of c-niigress, ciit'tlid "An illBintorcsted per.--.'n8 spi'Cially appoliited ad to pi.ivi.le that the l'nited States sh:iil
by hlin for that luirpose. sluiIT have to snd m:iy at any time examine iho bcioks. p.ip"r.i und di.c-iiments of any Are Intiur- uiicij c'nrpiratl,..ii doing businesa In »his Stat", or of nnv i-nrpcratlon, association or bureiii, malm.lined for the purpnse of BUg- gestlng, ufipiuviiig or making rules to bo u.sod by more than om- unde'rwrilir for In¬ surances nil prupt-rty loouted In this state, for the purpoae of deUrmlnliig the iiuin¬ ber and i xteiil of use of any riders, iii-
ald tho stales i-i the C'listrudlnn of rural Imst reads and fur utlier purpo,:!! s," ;ip- prnved July i-b.y. nth, iilno'cen huiidrcl and sixteen; prnvbliil that iho hlifhwav-: or portlona thereirf thus designated shail form a porllou of the systi-m of sMle or of cciuiity ;,l^hwll.vs as prnvhied by thi.'i chaplor. or shall form ii cuniiectlcni In - iwcoii state, iniiiity and f.'deral highvvay- dvily uuthorhiecl by law of this or any o'her state or nation, for tbe purpose
ilorsemoius, ciauscM, permits, forms or oth- | aiding In the completion of the system nf
r memuranda attached to and made part of uny Hre Insurance contract relat- 1 Ing to property localod In this stato, and ' ufter such examlnalluii and inspuolluii such , suporintendont of Insurunco may delerniliia '
Improved highways of tho t'nlled Slat' of America, 'i'ho lilghwuvs thua doslgiiui- ed Bhall be tentatively liidlc-uted on a map to be prepared by. anel flled in the oflfl^cj of. the stale commlaaloner of blghwu.vs
that the use of any sucti rider, indufbc- | and a Juplicuti; thereof shall be fllod In mont, dau-se. penult, furm or other lueinu- tho offlco of the he«retary uf state of New randa Is au exitsiiaive tliut ttiere shuuld b« Yurk stale un ur before the flfteenth day In his judgment a standard furm thereof, of May, nineteen bundred and seventeen • and he shall ther«uiH>n prepure and file In ' subject, however, to such mudlfloatlon aa hla ufllc.e sucb ataiadard form uf rider, in- j may hereafter tie submitted by the state duraement, clause, permit, form or uther j commlaaloner of highways and approved memoranda, and ttioreuftar no flre insur- ' by the l'nited States secretary of agrlcul- ance curporatlon ahall attach to any sucb ture In ac<:ur(laiM-e with section on« 9f the slandurd pulley of liuiurunce, any rider, In- aot of cungresa b>Wetnl>efuro recferrad to dursetiieut, clauae. peruiit. furiii ur other The deslgnatlona Indicated on such map iiiLniuraada cuverbig substantially the are dei>eiidant, however, un pruvislQn t>e- aiuae agresmant pruvlded for by such stand- Ing made by the governing boards of the sni rklor. Uidoraeiuiawt. clause, permit, forca political svbvtlvlsluiia of the state for the ur ulher uieme^anela except ll be la ttto hnvruVumant uf auch uther h'ghwaya aa precis* language wf tb* form au Oled by are deawal aocaaaary, ia tha oplnloo of
Ithe stale cummlssic. I. , u.^nways, to I complete t*te eomWned bighwav system of the state I lti Pe»t1minary surveys, plnns. specl- 1 flcallons end estimates of cost fur rhe . highwaya — portlot'S therecif ao deslgrat- 1 ed shall be made by the state department of highways in the sume manner as pre- aerilKil In section one hundred and twen¬ ty-flve of the highway law and the i-x- pense thereof shall be paid out of the mnneys appropriated -liy Ihe stnte fur the purposes of this nrticle.
I Kv) After the submission to nnd ap¬ proval by the secretory of the l'nited States depnrtment of agrk iiliiiri', of auch plans, apeclfloat'ions and e^timates of eoat, AS required by the provKinne nf ssld act of eiingress, the same shall be approved by the commission, r of highways by e*- reutive order: which .order al :ill give a consecutlri' number to efhe h'Thway or j porllnn therecif cnverid by said pl ns A I certifleil copy of •'uch order shall be flled With said secretar. nf ngrlculture and I With the atate eeiiinT' Mer Ilnds shall h^ tnk"n up for i'ci~i-t' u<Hon or Improve- I ment In the order of final appiovil unlesa the commisfiiiiier nf hb-hw vs ileems oth¬ erwise advisable in wl I. b event nn en- ffcutlve eirder slutll be f!" d In Ihe oflice Of the hlghwav dep .rtmint iriving the renpema fnr elevlall•l^; tr .m such order, and I a certifli-d copy flu rt nf flic 'I wilh said secretary nnd with the state enmptr dier,
i ird The form of proposal, contract and liond. the melliod .f advertising for pro- posnls. the" reji-e-tliin of pr iposalu, the awnrd of conlrac-is ar .1 die, pnvinents to contraelors shall In- gnvernd by the pro- virions of sedlon one humlred and thirty of this chapter To expedite the pavtncnt of the share of ttu' fe ib ral g'ivern-:ii'nt as shown by muiilhly estiin,res rendend on existing <'eiiiir;ietH US'preiviiled herein It la hereby provldeel that uimn die fliing of the repurt of (he enmriih-iic 'IlT of highways with the legislature, sbnv.lng the amount of ceinatriiclliin uniler feder.il aid e-on- lemplnted fnr the- i iisiiiiig venr. and In I'aso an Bpprofirlatlon Is male by the legislature to prnvlele the state a share of tho e-onstructliin shown In such lepirt, thero shall also be jepprrtprlated such an ndcliltunal amnunt ns Is ueci ssary to pay In the fli.-it Instance the share of the fed¬ eral gove,riiment of the c eist of such work. Itemized slaleine-nts showing the, entire cost of conBtructlon of such roada shall bo reiickrcd by the ccimmi.^sloner of high¬ ways to the Btute comptrcilb r and the fed¬ eral guvi'rnmeiit us the work pmgressea and sucb stuiemenis shall show the aub¬ divlsion of cost between the s'ate and the federni government anel bIuiII be accom¬ panied b.v drafts on the federul g'lViTn- meiit for the amount of its Bhuie of simli cost, rpon the payment of such drafts the proceeds shall be deposited by the commissioner nf highways with the treas¬ urer of Hie stale for tln^ purpose of reiTi- burslng the apprupiiation made by the st;ite on account nf such advance pay¬ ments, au'l upon fh" flunl cumpletlon of the work a report thei-enf filed with the state comptriilli r The- provlslniiH of sec¬ tions Ecventy-sc vi-n nnd one hundred a'ld sixty of this chaptir, relaiive to i-losiue: highwavs for i-i'pair or constnictiiin and Ihe malnlenaiiee- of eletnurs during con- stritdlon, als.i the iirnvisions of si-ction one hundred imd thirty-two of this cltap- ter rel;itivi in Hk- iiiilhorlly of the com- mlssk'lier li ; mire the coniiilitlon of Hie Work; ul.-^n the |ii eivislciiis of sect,oils cine» hundred ami thii ty-flve and une Tiundred ^tid thirty-six of this ehafiter. rditive to the cnlrv uimn ;iili;U'eiit lauds fnr 'Ivi:n- ago purposes nnd llu- p lymciil of d.imac'cs for such entry: als.i tin' preivislons of svc- tluiis citio liuiuliccl iici ihirt'-seven, one hundrod and lliirl y-c :;.:i.' :r 1 n-o humh-cd and tliirty-ciitht-a. r<-:at'v,^ in e,, itnii-.ion in vlllanos and lo additional vv ii.'m uiul in- crcaBcd e-ost; also the provisions of sec¬ tion line hunelred and forlj -^ix cf this act, relative to thy Issuance fn permits for work by pcrsins, llrnis or co: porations; also tho provlsinns of section one hundred and lirty-six relative to the appllc'atlon of the lalmr law, shall nil be applicable tor the purpnses of hli:rhways Iniproved or i^onslrud'cl und'.r tlie^ provisions of this artide. The provisions of .inlclo seven of this chapter relative- In the maintenance of state illld ciiu;ity highways shall apply to the nKiintenaiico nnd repair of hlgh¬ wav s Improve.I or c'linstructed under the prnvisioiis of this nrti'le. All contliigencies art.^'Ir,'? during (he prcisec-uton of the work ' shnll be picivdcd for lo Iho saliKfadlcin of th" commiss nner of highways and as mav he agreed upon In the- original or by a siipph'iii'iital I'ontrac'l executed by the c.'iiimi'-siuner if a sii(iplenieiital cnntract be executed fnr the iiciforinaiue of work nr the furnishing of material not provi led ; for In the oricinal I'cinlract. the amount lo b" diarged thereunder fur any such work or inaterlal sluid not exci-el the rate for v.-lilih similar wnrk or material wus acrec-d to be pertorm«»d or fiirnisliod under ¦ tbe nrlglnal bid upon which the cnntr.ict I was avv:irdcd. .Any work iioecssariiy re- eiuircul fur the prei[ie-r comiiU'ti'Ui of the conirait and for whic;h no Item price bid was e-eiii(alnid In t!ie proposal shall ba pirfc rined uuun prices to bo ngrcod upon by th" cnnlnicinr ui'ut tho c^uuimissinner prior (11 the ptrforiiiance itp Hi-ic-n^wfiik, and such work nnd the prices thereror shall III- provided In a suppleirienliil con- , trad '('bf! total amcniiil In be expended III the linjiroveiiietit or coirsiruetion of u ; highway cr sectlun thereof .shall nut ex¬ ei'd ihe original estim lie, unless such esiiiuu'o slmil havo been duly amended by tho cunimissiciMer witli the approval uf 1 thy secretary of agrlc-iilturi- „
; S ifiii t'pon the- c'cinipldloii of a high¬ way nr seciiiin tlie^rci'f fonslruded or im- , prnved under the provisiens of this nrHclc, J Ihe divlsinn engineer shall inspect the ; same and shall riifinrt In writing to tho state coinmissloner of highways his recoin- j mendiiHiin us to w"heiher or imt the coii- I tract shniilil bo fliialiy aJcepted and tho I dedsion nf Hie said eommlsskiiii-r, which I shall llo ciii'chi.ulve. as In the aeco*ptilliec' ' of snid lilghvvay or po'tlon thereof Iliu-* I oonsti-ueted or Improve,!, shall be ent're I t In the form of un exe.-ui ive nidei. a corli- flc'J ie;vv of which shall be liled with tha I secretary of aericultur'
! H W, Tile provisions of arlicie six of
I this diiipt'T n h'l ive tc. the acetnisltlciii of
I lands for riirht of wi;.- .oud ntlu: purpns, s
' sha'l be iip|ilie-ab:i'. for (he ii'.lipnses eif
i highways improycd or e instructed uud. r
I the prnvislnes ef this arl Ido.
! I Kn Th,' priipordon of the tnfil cont
I of th'- Improyciiie'ni or ceiiisii iictinii of
I highwavs to be borne bv the slato uf New
Vork lllllier the prnvsUins of this iillde.
exclusive: of the e-xpenses lneiirr,"I p'lur to
the beginning of construction wuik fur
the piirpiiBi'S of mak'ng survcvs. plans,
Bpocliaiitiiiiis nnd estini itcs of cost, shall
nnl exeeeil flfty per centum of auch total
cost
{ Ida The state cominiBsioncr uf high¬ ways Is hereby autheir!ze;jl. empnwered and illreilecl In perform and do suc-h other and further ai^ts nnt hereby spi-e! Ilea Ily pruvid- i-il In thl.H arilcle as muy bo neci ssury to inndui-t the Imprnvement -r ccinstruclluii of co-operative^ highwaye with stale and federal aid In compliance with the uet of coiigriss hereinbefore itferred to und the rubs and regulutlnnB promulgated bv the secretary of agriculture under uuthnrllv conferred upun him by said act uf coii- gr«-B8. the provisions of which aot are hereby aieseiiti-d to. tbe good f illh of th« state of New York being hereby pledged to make such provisiun from time tu llin. aa may be necessary to provide Ita ahar» of the cost of the Improvement cf such hlghwHVS
I i. This act shall take effect linmedlateW State of New Ygrk. Office of the Becre- tary of State. s«
I have compared the preceding wltb ths original law or, flie In this oflllue. and do hereby certify that tha earn* ta a correct transcript tbarefrora and of tb* whol* ot aald original law.
rRANCin U HVfUi •ecratary of Slats.
I.RfJAI. WOTICK^ L.AWt OP NEW YORK—ty AwtharHy,
t.'HAP mt
AN ACT i» amend the t^x law. In rela¬ tion to eeitliicatea of •pecial franehiaa valiiatlnns mad with loca.itlee Hecame a law May 15. 1917. With tha approval of the llovornor. Pssaed. three llftha being present
•I'h* I'.ip'e cif the State of New Tork. represented in Senate snd Asaembly, do enact as followa:
Section 1. Soetion forty-Bve-c of chap¬ ter sixty-two of fhe laws of nineteen hun¬ dred and nine, entitled "An act In relation , to taxation, constituting chnpter alxty of . the e;eiiisolldated lawa," as added hy ehap- I ter three hundred and thirty-four of the inwa of nineteen hundred snd sixteen, la I hereby amended to reael ss lollows;
I 45-c ("eMlilcato of special franchise
; vnhmtions flled with hicnhtlea After do-
I termbilng the flnal full and eeiuallted
( valuatinii of a rpec lal frnnehise the lag
commisslnn shall file with thi eierk of tha
' city. t,iwii or vlihijje In wh h such apa-
j cinl frjnchb-e Is • 'i! l-.t to n.s.-essment, a
; written stni.inuiil dulv eertiiiel by the
Sll I'.nc of Ihe lommls'lon of life valua-
i tlon of ene'i spec hil frnncbisc nsseaied
I therein «s flmill.v flxel nn-1 eq latlzed In
a town rnid i-tate.nint shall specify tha
tntal aniount i.f tho Hasessme.if of aach
spechd francblao. nnel toe niniuiiit thereof
ill nny vlila'e or villages therein In th*
I ity of New Veirk sich slatenie.it shall b*
¦H'rel wltb the depai imei-t of taxes and
as.siasinents .Sie h stntement aliall ba
fl:e.I rviiii the clerk of the vlPage not later
than the flr«t dav of (le (olier uiul with tha
! llerk of tne ell.v. or the dopsrlmail of
j ln':e-a and nsses-ime nts In the dty of New
I Vnrk. not later than thirtv dnya liefura
I tbe flnal cimpletlon. verlik-ntlcin and ftling
of the iiB-essineiit-roIl The statement of
' ^'pechd franchise valtmtlona In t^wiis ahall
I be maele In duplleute, one ceipy In be fllad
I wilh the town clerk not later than August
1 fliHt, nnd die other ixipy wilb ths clerk of
I the hoard ot b ipervlaors of the county not
! Inter than Septeniiber llrst
I It shnll be the duty of dty. town ami
I vlllnge clerks within five dnys after the
llnal leimpletlon and lldng of tbe aaaess-
I meitl-roll. and the llrat poatlng or piib-
I Mention of tbe iiotlce thereof as re<]uired
by law In their respective munidpal eor-
I porHtinns nnd of Hie cicrka of the boarda
I of supervisora In each county within flve
I eia.vs after the flnal revision of th* as-
I scssment-roll and the Hiinexution of ths
warrant thereto to furnish the tax com-
n,:ss|on with said dnte or dales.
I Kach c-lty clerk shall, within flve dayf
nfter the receipt by htrn of tbe statement
of Hie e,|iiallzed vahmtluns of a epoclal
frunehtso us llxed by tho tax commiaaion,
I deliver u ceiiy of auch statement cofti*
li' el by hlni to tho assessora or other ofll-
I ce;» charged with tho duly of making
Ideal aRsciiinents in said city. Kach town
I derk shall, within flve days ufter the re-
, ei-ip: by lilm of tho statement of euualU.-
ed valiiatina ., ihllvef copies of such stule-
I ment certified by him to the supervisor of
the town, nnd to the assessors of Ihu
I tovvn for whi' h the assessments h,ive been
j made. Kach village clork shall, within
I flve dnya after the receipt by lilm of tho
statement of eipiallzed valuntkuis. deliver
e.1,pies nf such at ilement uei lilh I by him
j to tb.e usseBsnrs.'lf any, anel If not to the
I Iriislee-e of the vIMafTc for which the afl-
scs.-nnonts hnve been m.^de.
The Hual ei|ualh/!ed viUiiiition of every
1 spec Iai franchlae in ii city, town or vlUaoo
i fis so lixeil nnd iletoriiiiiied liy the lax
I commission Bhall" be onterod bv the us-
' sessnrs or other .offlci.rB tuciinf in tho
pinner pnrt of the assessment mil beforo
the tlnal rcvlsiiii ami cerlilii- id ni of suctv
roll by them and become a part thoreof
! with the sumo I'orce ami effect us If such
ns.-cssmeiil had been originally mude by
I such assessors,
8 2. This act shall take effect Immediately. State of New Vork, Olllco of the Secre¬ tary of Slale. ss: I I Imve coiuiiared the preceding wUh the ! original law on file In this olllce. nnd do . hi-rchy certify Ihal the same Is a correct ' tranaiript therefrom and of the whole of I said original law.
FRANCIS M. Ill'(^;0,
Secretary of State
LAWS OF NEW YORK—By Authority,
i CIIAP. l'J3.
I AN At.'T to amend the tax law. In rola- I tlon to eirgunizallon lax on corpora¬ tions.
Hecame a liw May 15, 1917, with th* apprnval of the Governor. Passed, three- I Id Ina be ing li:esenl
I The I'enple of tho Slate of New York. j repreaeiited in Senate and ABsembly, do
enact ns follows: [ Section 1. Section one hundred und ei-jhty of chapter sixty-two of the laws of I nineteen bundled anel nine, entilled "An act in relatinn to taxation, constituting chapter sixty of the ccin.solldated laws," as iinioiiib'cl by ebaiiter four hundred uh'l , soveni.v-two of Iho'hiws of nlneteon hun¬ dred and ten. chapter iiinety-une of the iMwa of nindoon bundred and eleven and clK'Pter tlii-eo humlroel iind seventeen of the laws of nineteen" hiiii5rcd and flfteen. is lieroby amendod to roid ns fnllows:
5 r.fl ui-g:;iu::atloii tfix. b^vc^rv^ stuck cor- pnra'.ion lueorpornled under uny law of this St.lie fhall pay to the saito tre isurer ; n tax of une-twenlleth of one per centum Ufion the aniciiinl of capital stock which tl.o corpora I ion la authorized lo have, und a li',0 tax upon any subsi-eiuent inrrcaso Provl 'vd llml In no case shall siic'b a tax I'C lesa than ten dollars. Such tax Bhall be due ami payable upon the incorporation of eudi ecirpiiration or iipoii the Increaae \ ot ils capital stuck. Kxcept In the cuse of 'a lailioud corporaUon ncitlior the secre¬ tary of state nor count.v clerk sliall fll* nnv ioiti:i:atc of liicorpuralioii or urticio ' of as. ndation. or give uny ccTtiflcute tl> ' any siic^Ii inrpnrullon or a^soi tation until ' he Is furnished a receipt for sucb lax 1 from the state Ireasuior, und no stock I c-orporatioin bIiuII have or exercise aay corporate franthise or pnwers, or carry on I bus-'lP'-ss In this Btate until such t-:x Bhall j hnv e been paid. And in t-iino nf ii ilocroa.sa : of ci-nidil stock, upun which the tax re- I eiiiirel by hi • has been iiiicl. ami a sub- jf;. iiiietit iudeuki; tiierc'f. a tax sliall bo paid onh- upon so much of euch Increase* HM excei-ds the umount of eap'tnl stock ujioii Which a tax has be-on before paid. In e:'So of thc^ cciiiseill Uitlon of exlKliiig .c'lrporndcins Into ii corporation, such new ciiipeiri tlnn shall be reciuired lo pay the tax lu'iciiibefuro prcivi-Ic-d fnr only upon the nmount of Its I'tipital stuck In oxcchs of the ug'-rregute amount of cajilt li stuck of said e;urpnratliins. This Keetlnn shull pi-t HI I'ly to stato and national bunks or to biiilditig. muliiul loan accumulating fi:nil and co-uperallve assod;iHniia. A rallreiid cnrporalion neeel imt pay auch tax III the timf; of Mllf,' Its certificate of Incorporatioin, but »ha!l pay the name be- f, rj Hie public- Bervice e-ommlsslon shall Uiaiit a c^WtlfHtalo. as rc nuired by tho railroad law autliorli'.lng the c>u«Btructlon uf the rnuel us prop ised in its artidea of iiBseiclatinii. and siicih certificate shall not be- Kraiite-d by tile public service oummla- t^^M\ until It Is fiiriiished with a receipt , for suc'h lax from the state treasurer. If Ihe beiircl of rallriiad commlsslonera or piildtc servii-e commission shull have here- Infiire irruiited er the public service com- mLsaion shall hereafter grant, such rertlfl- e-ute and upon an appeal from the deter- niliiatlun of such board of railroad com miaaluiiers or public aervice commiaaion, , nuch cerllfliute hua been or may hare- iffter be elenled the state treasurer shall Vofiind the umount of tux so imld to tbe railroad corporation ur corporatlona by which suc# tax was paid, upon proof of payment being presented and appropria¬ tion being made therefor.
I 2. This act shall tak* effect Immediately. Htate of New York, Offlce of the Bocre- ' tary uf Stata aa: '
I have compared tho pre<ieding wltlt tha orlginaj lew oa flla In this oflU*, and io bareby certify that the awjna la a *orre>;t transcript therefrom and of Ihe whole tt aald original imo.
FliAMOM M. HUOO. Sacratary af Vuta

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TItt ffAWAP FOOT, fRKKPOrr. ». f^ Vtll»AT, SBPTtVUIIK 14, Wlf
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LAWS OF Ntw YORK—ty AuthaHty, » CHAP «M
AN ACT to diasolrw the corporation known
aa "The Triiatiai^- ter, means the reaervea agalMt depoaita malnt.ilned by any Individual oT corpora¬ tion pursuant to this chapter tn reserve de¬ posit nrle-a. ar In a federal reserve bank of wblch suirh corporation la a memlier. and not In e«e-e«a of the amount aiithorlred by thla chnpter
Tntal reserves The term "totnl re¬ serve* , when used In thla chnpter, meana the aggregate of reserves on hanel and re e|iinllfled, means a person who ap¬ pend by the lirKiks of a stock corporation to be the owner nnd holder of one eW moro shares of th'» stock of such corporation )
flbareholdrr The term 'shnrehnlder", I will 11 ii-^eil In thla elnptir, means a mem- Ik r of a savings nnd loan nssociatlon. land bank nr credit union
Peipiilitton. The term "population", when used In Ibis ehapter. means pupulation aa determined by the last slnte oi federal enumiradon, or wh< n used In connection with the words 'unliicnrporated village", an determined by the auperlntendent of banks from the best availahle sources of Informntiiiii
I 2 This act shall Wike effect Immedi¬ ately. . Btate of New York. Office i* the Secretary
of Stale, ss:
I hnve cniiipareel the preceding with the | original bivv on file In this offlce, nnd do herebv eertlfy that the same Is a e-orrecl transcript tberefrom and of the whole of aald original law,
FRANCIS M HflOO,
Secretary of Stato.
LAWS OF NEW YORK—By Authority.
I'llAI' 111 AN A'T III unn nd chapter one hundred nnel two eif Hie laws of nineteen hunelred and fnur. ••iidtled "An act lo Inerorporiite the Silver Hay Asgocbitlciii for ('hria¬ tlnn Cll ferciici-s und Training," In rela- I tlon lo Ils board of management and the ameiiiiit of Ks prope-rty ' Hecame a law May 14, 1917. with the approvnl nf tbe fiovernor Passed, three- flfths being present. i
The I'eople of the Stale of New York. represented In Senate and Assembly, do ' enact ns follows:
Section 1 S'Ctloiis two and four of chap¬ ter ouo hundred and two of the laws of nlneli-'n hundred and four, entitled "An act (ll Incorporalo tho Silver Huy As.soda- , tlon fur Christian Conferences and Train¬ ing," art' hereby amended to road as fol¬ lown:
i 2 The management and dlspoaltlon of the iiffuirs of the corporation shall be vest¬ ed In a huard of trusties composed of the Individuals n:inicd in tho llrst sedimi nf Ihls act as liicor^inralors and their uasoci- utes nnd suicesScirs In oflU'e. This Haid iHiard of trustees shall be cii-np"S"il ejf n it Ir.is tlitiii twenty-seven meinber.^, ouo-thiiii of whom shall bo elected liy the board of triistecs at eudi anninil mo'tlng and shall huhl offlco for the period ot three years, or until lhelr successors nre elected and have nualilled.
The tvvefity-seven persons nnmed In sec¬ tlnn ono of this ort sliall constitute and be the bnard of tru.stee.s of said corpor.ilb.in. who shall .serve until thdr succe:^se*r;i ure duly dieted and quulUiod; the board of tniste'cs al Its first aiiniKil meeting, nfter the aduplion of thl.s uct, shall delcrnilno by bit vvliidi nine nidnbci-s frniii thuse named In secllon ono eif this act shall serve one year from the date of such meetlii.g, which nine members shall serve two y«':irs and which nine members shall serve three vears. Tho lueniliers of Bald hoard of trustees are nuthorlzed and empnworcd to elect tlnlr succ-essors, and to llll vacan¬ cies for uny unexpired ti'rm.s, nnd any failure to elect members of the board of truslcc's shall not work a dissolution of Baid cnrpnratlon. but thu remtiinliig incm- bcrs, tli'iiigh less than n cpiorum of suld board of trusteea, rnay meet und flll fucii vacancies. At all times at least thrco moinbers of such board of trustees shall be niemlier.s or sccri taries of the mi.ssionary educullnn rouvenunt and at bust eleven members of such board of trust'cs shall be members or sc:cretarle^s of tho Interna- liniial Coininlttee-, of Y'oung Men's Chrls- ilaii Associations or of State or Provincial : Commlllees of Young Men's Chri.sllan As- ; snclallons. If any vaciine.v siiall occ'ir during the Interim of thn reijular eb?cli')n It shall be llUed by the board of trustees. This ccirpuradnii sliali havo no capital stock and shall dcclaro no dividend, and no oflicer. cuinnillleemari or enipluyuo of , (Ills corfiorutinn shall recelvi; or be cn- lllhtl to receive any pecuniary prnfil frmii tho op'r.itions of such corporatlein. ex¬ cept that rcisoiinldo compensalioii for services may be paid to empluyees for servicos ronilcrc'l In effecting the piirposos of tho C'lrporaticin, and tho corpnrutlcin may render ai'i of a charitable nature to pri'per bcnefldarles. Any surplus money rcinaining on ha'id nflor meeting tho ex¬ penses of Uio ccirpor.ition shail be usi d for such rollRious. cdiiciitlonal nr di.aritn- blo puipiisc'c, not Inconsistent with tlie terni.H uf this act. as the board of trustee.s shal! d.'tormiiic.
§ 4. The said c^orjioratlon Bhall In law be capablo of tikiii-.T. rei^elvlng aiel holdin:? absnhilely and in trust for Ita i;eneral iiscn uud purpuses. by gift, devise, beiiuc'St, grant or pure base-, re:il and personal iireip- erl.v to the umo'.int of ouo million iJoUars, and of letting. leasing and Ci^nvcylug tho ' s;iid real propert.v and sluill also b.avi- the power tu issue be Hills and secure^ the Piune by morl).Tat;es uimn Us real e.-^t lie and Its lmpruycmc'i't.j AII devico.s ami beepicsve, however, t'i the .dme a law May 14, 1917. wilh the appniTul of tho Governor, Passed, three- ; lifihs being present
Tbe Poviple of the State of New Y'ork, , represented In Senate uud Assembly, do ; enact HM fulluws: .
Secllon 1. Section »ixly-flve of c^hupter i thirty-three uf the lawa uf nineteen hun¬ dred and nine, entitled "An act In relation to Insurance ctiri>oratioiiM, cmuilltuting chaptiir twenty-eight of the consolidated : laws," aa added by uhapter fuur hundred i and sixteen of the laws of nineteen hun- j drod and eleven, and as amended by chap¬ ter two hundred and twenty-flve of the laws of nineteen hundred and twolvo and chapter twenty-flve of tbe taws of nineteen I hundred and thlraeen, la hereby amandad I lu read as folloara;
I tb. Heballiig aud dlaurlmluatlona pro- : hlbltod Ne Insurance corporatloo, aaaool- atloo. partnerahip. Uoyda ur lodlvlAval •ndarwritera aulhurtaod ur periulttod to do
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any Insuranca buainess within this atata -ir any iifT1e?er, agent, solicitor or repre- «! .•jtalivo thereof, ahall make any contract rtii*sui h inaui ance, on properly or risk lo¬ cated wittiin this atate, or againat liability, raauaity. accident or hnsnnl that may arise or occur therein or agreement aa to gue-h cemtract. other Ihan as plainly ex- pieaaed In tbe poliey Issu^d or to bm Issued thereon; nir shall any such corpeirallon. association, pnrlnera^llp, lyloyds or Indi v.iiiiai underwriters, or ofllicT. agent, ao- llcitiii or ri?prcsentatlve thereof, illrectly or In.lireetly. In nny manner whnt.soever. pay or allow or offer to pay nr allow na Indiieement to such Insurnnce, or nfter flu- Insurance shall have Iven effected, any rebate from (he premlutu whbh Is siieel- fl^'I In Ihe pnlk-y.'or any special favor o- advantage In Ihe divide ads eir other be-ifeflt to ; c crue the-ri nn, or any valuable eon- • :'(r'it!.in or liielueeineul whatever, not specifled In the policy or ci mf et of In- sur.ince, or give, j.ell or purdias, , or offer to give, ,^el'. or purchase, ns hi'lu'-e'-rent to eiieh tesii: ance. or lu i;oiinei thin th. le- wilh. nny stnc-k, bonds or oihcr s'-i-iirltkB of any Insuranee eompany. or otm r cor¬ poration or iiss'ie^ludon, ur unv ellvb1e;il.< ir priflts acc-rued therein, or anythin,:; of v:;liie whatsoeve'r, not spi elflod In the pnl Icy, nor aliall any Insurance broker, bis agent or representative, cir any other per 11)11. directly or Indlieetly. ebhet by shar- liiir commlssleina or In nny manner what¬ soever piiy cr rfllnw or offer to pny or al¬ low n« Indiici'ment to sueh InsiirHnee, or nfter the Insuranci- shall bave been effeei- rd. nny rebate'from the premium wide h Is Bpeclfled In the policy; nor shall the In^ sured. his agent e.r representative, directly or Inilliedly accept or knowingly re-ceiv,- an.v su'h rebate finin the pr.iiiiiim speci¬ fled In the poliey; this .-lectloTI shall imt prevent any cnrporatlnn, person, partner¬ ship or nssoelntion lawfully doiiig nuch lu Rurnnee huslni-sa In l*ils stato from the dlstiihutloii of surplus nml dlvlde-nds t i pollcyhiihlers nfter the llrsl year of In-'ur- aiiee nnr prevent nny member of an liiter- Insurunco eir Lloyds (iss'iciation frntn re ceivlng the prolll uf his ur its uiider- wrltlng; nor shall this Bectlon pr'event any such corfiiiratlcin or other Insurer, or hi-i or ItB I'i'ent, fmm paying commlBslci'in tn the linker who shull have negotiated for the Insurance, nor shall this Bectlon pre¬ vent any llceiis»!il brnker frmn sharing nr dividing a ccimiiils:doti earned or re¬ ceived by hlin wilh any other licenHcd broker or brokers who ahall hnve ahl eel blm In resricd to the Insuranc-e fnr the negotlntlnn of wlibh such comml.'^slnn shall huve been earned or p:iid. nml neitli- li.i: herein eontahi'd shall bo held to pre¬ vent the cove-rliig nf risks hy binders or temporary coiitrae;ts of In3ur;uice eir sucn other memoranda as do imt conflict with the provislnns of this chapter, provided that tin- prei^iliiin aiifiUcable to the risk In sured Bhall ho pavable, and shall be paid, fnr the time during whldi l:isurune-o is In force by virtue of such bliders, lenip'iraty contrac^ts of iiisuri'iico or oH-.er nn ni'i- ruiida. and nny violation of Ihls prcivlslnn shull ciiiislilute! a rebate. Nor shall this aedkin prevent any such cnrporutlon nr olli'-r in; urer. fir any aiteiil or liisiiranc^e broker, from dislrlbiillii;,' m presenting to any person or i^orpnral inn any arliib- if miTchandlse not cxeoi-dlng one elolUir In value, which shall h.ive c inspicunud v stamiie^il or printed thereon the advertise¬ ment of sudi iiisiiritiicii curpuratlnn, aKcnt or lirc:ki r.
No Iierson shall Im exciisod from attend¬ ing and. Willi o.'ilc 1 -t so to do, I'mm testifying or proiiiiciiu,' any h.iuks, pupers or uiher dncumciits boforo any court or mii'lslraie, Ufion any iiivi stigatloti, pro eeeiliiig or Hiul for a violadon of any of the iiriivislnns of. this Sec.linn, upon the Krounil ur fur tho n-i.^on that the testl- iiiiiny ur oviiloiieo, do.-unionlary or otliei- w-i-e. required of him may lend to convict hlr:i of a crime or suiijed blm to a pe-nally or' forl'elUire. hill no person iliall be p'toso- eiiteil or subjcc-teil to ur.y penalty or fnr- f, liure for or on acciiunt nf any trtuis-ii-- tlnn. matter or thing concerning wiiich'be ma.v h ivi. been required so to testify or to p uduce evidence. doc:uiiiiiit:'ry or other¬ wise, and no testimony so given or r>ro- d'lc. 'd shall hi- received against hhn upon anv criminal Inv'stk-atlnn eir proccodimi Aiiv person or corporatiiin vlulhtlniJr tlie prcivl.slcns of this sec'liui sli.rl bn Rullly nf a miscleinc;iiieir and shull foireil to the people uf the Ht.itc llio sum of live; hun¬ died do'hirs for cadi such viohilinn. Thi.^ sedhin shall not app'y to any contract of li'e insurance iin'^ lo any coiilracl of In- snninco upon or In e- mne .tkin with marine or tran.'poit.-.lieiii i-i(-:Us or hazards other than contrii'cis for hiiiomohlli- lusartinee, II, r to cemtracts r.iad.. by persuns, Lisscic-i- a'.lr.us nr c irporat ons aiithori^/..d to d" businc-is under articles live, seven and nine of this cliapter
5 2. Sedlnn euie» huti'lied-aml tweiity-n'u- i.f t-liaiiti-r tliirty-t:-re,i nf the la\vs nt niiic- f. ,11 hundred and nine, ontitleir'An act In rehiiion to lnsuraii"e. leirponilinns, coii?'ti- tu!'-T chapter twont.--d(.'ht of the con- sol:ci:i(eiI kiv.-:3," as ami.i'leil by chapter -C.-o humh-ccl ii!:i forty nf the luw.s of nin'-teen hundr^.d nnd iilnn. diapt.'rs one ^•i::r.rid and slxly-drht, six huiulrod and tli;.-iy-rh;iit and six humlred and slxty- 1 i^ht uf Hie laws of ninc'i en hundred and ten ami c li;iptcr ciiie liui.d'id and i^>lghly- one ol' the laws of nim'teiiii hundri-d and diii-teen. Is h'T'-'tiy n p .led.
5 ,1. Chupcc:- thin y-t lin e of the laws of nlmteea liuudri'l and nimi. entltloa "Au ;u-t 111 relation to iiisur;in.c .orp.iratioiis, cniistituting cliaiitor tw nly-i Ight of the c.•...-; .;iil::ti.d law--," Is heruby amohJed by ir-erllnr; then^hi a new sefiiun one Viun- die.l and tvvcnlN -one, In read (is follriwB:
jj 121. Stuhdurd lire In'uranee ;)ull'-y to bo pi escribed and u.^od. Tlio prlntc^d blnnk fill 111 ,'f a contract or pnilcy of flre liisur- ;ii.:, ailiilileii liy Iho National Coiiveiitbin nt iiiMiiaiiei- Coiiimlssiimers at Ils nicet- i ir i'.O'i 111 ill'* t-'lty of Now York on the tv.ilfth d.iy of Defomber, nineteen hun¬ ch - I aii'l sixtocii, shall bo fl'ia by the sii- ),ci|i!io".lei:t nf insurance in his ollices nn the llt.-^l day of J:inu:iry, nlndeen liuii- ('••..J and I'lfhteen, wilh Hio dale nf smii tlUiig Imlnrted tlicreim by him and shal! be Umivvn and desijrnalcd as t!;e "Standard I'.IO li;sura:ice pnlicy of th..- stale of New Vnrk,' pro.'ldid. how i ver. thut If s'lcli tUliiy .sluill ii:ivii been made prlur tu'Janu- ;iiy fli-st. niiide-eii liundred and di^'ht'-eii such tiling lihc.'l hw deenu-d in bo sulllcici.t . (,:npt;.imo iiorev, ith. tm and ufter Jaiiuir.- liist. nineleen liundrel ;uid eighteen, to lire Insurance i-cirp.irtition. Its ofliceis or am r.t.-c. shull niukc. Issue "tir dollvor for use ,111.1 lire iasurunci; policy or Un.- .rtiicwa! ,,. any such pnlicy on prnperty In Vi\m .sl lie, other Ihun such us sluiU'Conform hi :,I1 particulars as to blanks, sl/.e of type.
• t'lo.t, provisleji.s, ,i.i:reeiiiems and cnii
lid :;.; with such printed blank furni uf
iinir. it 1 r polli-.v: und nu nllior or liilTer-
i-nt prov i.--'.nn. u."ieeaionl. !• uiditlon or
1 I,.11,10 .siuiU le in an;, ina:iner mado u part
f su h coiilrae-t or po'.lcy or Indorse 1 her Ul nr added thiiitn ur delivered .1, ..-.viih, excopt as fulluws. lo wil:
I' :sl Thoro may be p' iiiled ul tlio lu^ai; of .^ 'hi polh'y In tho space Indleuted by th" wuida "sicice for lii.serHon of name of c", puny or companies Issuing the po'.lcy and other mailer permitl. ! to be st.iied at He head Ilf the poll y" thu iiam- of t'i. '•e^.iilian or compuiiles Issu'iig the policy tile hii'ulliin and piac-* of business thert-nf. Uie dull- nf Incorporution ur ur;{aiiliathiii W' I'lf. whether suvh '.uiiipuny or coui- P-i , s aro stuck oc mutual coriioratloiis, I'd siieh device 'jr dovi ;e.>i as the company '•r cumpunles laauing suid policy shall de- .i!le
9e.K^ioiiil. There may be pnited at the eud nf the flrHl page v>f aald pulley In the apace Iniiciitd therefor by the words "space for da'H umj fur signuturea and titles uf offl curs und ugent," the nuni".>i and titlea of the ulltcera executing and altealliig thu poiic-y. and the worela "but th h ficilicy ahall lint b« valid uucU oounteralglied by the duly authorised atfent of the unuipany at ... , " (or tha wurd "manager" la
place of the word agent) and the words tee .-eiii^etintendent of Insurance Furma
"counter ilgned st... thla day of relera, Indorsemenia, eisuses, permiis,
of " followed by a blank space forms or other mVimoiandn to be aitache.1
for the signature of auch duly authorized to and mode a p .rt of Hie Insurnnce cm- agent or manager, and the word "agent" iraets relating to prnpertv lor the purpoie nf suu ,'est in.: approving er iiiakiii'-- rales, as aiu cs.m: and thereafter the use of such stane^jird lie su- , and the im ii'vs" eoiitrlbuti-d to the slale of p-?rliileii(leMl of iiis-iiarico. | m^.^ i^-ork fur -lil^liway Improvenient h.s
Tlio siipeilnteii'ient of Insuranee, either , tho federal irnvciiitueut under the pro- iri persnn or Ic, onn or more- e "lUiiJolenl and visions uf an iu-t of c-niigress, ciit'tlid "An illBintorcsted per.--.'n8 spi'Cially appoliited ad to pi.ivi.le that the l'nited States sh:iil
by hlin for that luirpose. sluiIT have to snd m:iy at any time examine iho bcioks. p.ip"r.i und di.c-iiments of any Are Intiur- uiicij c'nrpiratl,..ii doing businesa In »his Stat", or of nnv i-nrpcratlon, association or bureiii, malm.lined for the purpnse of BUg- gestlng, ufipiuviiig or making rules to bo u.sod by more than om- unde'rwrilir for In¬ surances nil prupt-rty loouted In this state, for the purpoae of deUrmlnliig the iiuin¬ ber and i xteiil of use of any riders, iii-
ald tho stales i-i the C'listrudlnn of rural Imst reads and fur utlier purpo,:!! s," ;ip- prnved July i-b.y. nth, iilno'cen huiidrcl and sixteen; prnvbliil that iho hlifhwav-: or portlona thereirf thus designated shail form a porllou of the systi-m of sMle or of cciuiity ;,l^hwll.vs as prnvhied by thi.'i chaplor. or shall form ii cuniiectlcni In - iwcoii state, iniiiity and f.'deral highvvay- dvily uuthorhiecl by law of this or any o'her state or nation, for tbe purpose
ilorsemoius, ciauscM, permits, forms or oth- | aiding In the completion of the system nf
r memuranda attached to and made part of uny Hre Insurance contract relat- 1 Ing to property localod In this stato, and ' ufter such examlnalluii and inspuolluii such , suporintendont of Insurunco may delerniliia '
Improved highways of tho t'nlled Slat' of America, 'i'ho lilghwuvs thua doslgiiui- ed Bhall be tentatively liidlc-uted on a map to be prepared by. anel flled in the oflfl^cj of. the stale commlaaloner of blghwu.vs
that the use of any sucti rider, indufbc- | and a Juplicuti; thereof shall be fllod In mont, dau-se. penult, furm or other lueinu- tho offlco of the he«retary uf state of New randa Is au exitsiiaive tliut ttiere shuuld b« Yurk stale un ur before the flfteenth day In his judgment a standard furm thereof, of May, nineteen bundred and seventeen • and he shall ther«uiH>n prepure and file In ' subject, however, to such mudlfloatlon aa hla ufllc.e sucb ataiadard form uf rider, in- j may hereafter tie submitted by the state duraement, clause, permit, form or uther j commlaaloner of highways and approved memoranda, and ttioreuftar no flre insur- ' by the l'nited States secretary of agrlcul- ance curporatlon ahall attach to any sucb ture In acWetnl>efuro recferrad to dursetiieut, clauae. peruiit. furiii ur other The deslgnatlona Indicated on such map iiiLniuraada cuverbig substantially the are dei>eiidant, however, un pruvislQn t>e- aiuae agresmant pruvlded for by such stand- Ing made by the governing boards of the sni rklor. Uidoraeiuiawt. clause, permit, forca political svbvtlvlsluiia of the state for the ur ulher uieme^anela except ll be la ttto hnvruVumant uf auch uther h'ghwaya aa precis* language wf tb* form au Oled by are deawal aocaaaary, ia tha oplnloo of
Ithe stale cummlssic. I. , u.^nways, to I complete t*te eomWned bighwav system of the state I lti Pe»t1minary surveys, plnns. specl- 1 flcallons end estimates of cost fur rhe . highwaya — portlot'S therecif ao deslgrat- 1 ed shall be made by the state department of highways in the sume manner as pre- aerilKil In section one hundred and twen¬ ty-flve of the highway law and the i-x- pense thereof shall be paid out of the mnneys appropriated -liy Ihe stnte fur the purposes of this nrticle.
I Kv) After the submission to nnd ap¬ proval by the secretory of the l'nited States depnrtment of agrk iiliiiri', of auch plans, apeclfloat'ions and e^timates of eoat, AS required by the provKinne nf ssld act of eiingress, the same shall be approved by the commission, r of highways by e*- reutive order: which .order al :ill give a consecutlri' number to efhe h'Thway or j porllnn therecif cnverid by said pl ns A I certifleil copy of •'uch order shall be flled With said secretar. nf ngrlculture and I With the atate eeiiinT' Mer Ilnds shall h^ tnk"n up for i'ci~i-t' u ' any siic^Ii inrpnrullon or a^soi tation until ' he Is furnished a receipt for sucb lax 1 from the state Ireasuior, und no stock I c-orporatioin bIiuII have or exercise aay corporate franthise or pnwers, or carry on I bus-'lP'-ss In this Btate until such t-:x Bhall j hnv e been paid. And in t-iino nf ii ilocroa.sa : of ci-nidil stock, upun which the tax re- I eiiiirel by hi • has been iiiicl. ami a sub- jf;. iiiietit iudeuki; tiierc'f. a tax sliall bo paid onh- upon so much of euch Increase* HM excei-ds the umount of eap'tnl stock ujioii Which a tax has be-on before paid. In e:'So of thc^ cciiiseill Uitlon of exlKliiig .c'lrporndcins Into ii corporation, such new ciiipeiri tlnn shall be reciuired lo pay the tax lu'iciiibefuro prcivi-Ic-d fnr only upon the nmount of Its I'tipital stuck In oxcchs of the ug'-rregute amount of cajilt li stuck of said e;urpnratliins. This Keetlnn shull pi-t HI I'ly to stato and national bunks or to biiilditig. muliiul loan accumulating fi:nil and co-uperallve assod;iHniia. A rallreiid cnrporalion neeel imt pay auch tax III the timf; of Mllf,' Its certificate of Incorporatioin, but »ha!l pay the name be- f, rj Hie public- Bervice e-ommlsslon shall Uiaiit a c^WtlfHtalo. as rc nuired by tho railroad law autliorli'.lng the c>u«Btructlon uf the rnuel us prop ised in its artidea of iiBseiclatinii. and siicih certificate shall not be- Kraiite-d by tile public service oummla- t^^M\ until It Is fiiriiished with a receipt , for suc'h lax from the state treasurer. If Ihe beiircl of rallriiad commlsslonera or piildtc servii-e commission shull have here- Infiire irruiited er the public service com- mLsaion shall hereafter grant, such rertlfl- e-ute and upon an appeal from the deter- niliiatlun of such board of railroad com miaaluiiers or public aervice commiaaion, , nuch cerllfliute hua been or may hare- iffter be elenled the state treasurer shall Vofiind the umount of tux so imld to tbe railroad corporation ur corporatlona by which suc# tax was paid, upon proof of payment being presented and appropria¬ tion being made therefor.
I 2. This act shall tak* effect Immediately. Htate of New York, Offlce of the Bocre- ' tary uf Stata aa: '
I have compared tho pre;t transcript therefrom and of Ihe whole tt aald original imo.
FliAMOM M. HUOO. Sacratary af Vuta